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September 2017

The Toronto Real Estate Board (TREB) reported that the average cost of a home in August — $732,292 (including all house sorts and condos) — was still up 3 per cent or about $20,000 to August, 2016. But that is still down about 20 per cent, or $187,000 lower than April, 2017 when the average cost peaked at $919,086. The number of housing sales in August also fell, 34.8 per cent on year over year. Mr. Doug Porter, manager economist at BMO Financial Group, who was among the first to use the word “bubble” to describe Toronto’s soaring

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Call Max Seal at 647-294-1177 if you are thinking to sell your upscale or average home in Central Toronto communities like Bedford Park, York Mills, Lawrence Park, Forest Hill, Davisville, Summerhill, Yorkville, Annex, Rosedale, Leaside and Don Mills. Please click the link for a FREE Home Evaluation. No obligation.